Note: The job is a remote job and is open to candidates in USA. Flagstar Bank is seeking a Senior Credit Officer for their Equipment Finance business line. This role is responsible for managing credit risk assessments, ensuring prudent credit decisions, and maintaining asset quality while adhering to regulatory requirements.
Responsibilities
- Lead credit approval process for equipment finance transactions, including financial analysis, collateral evaluation, and credit structuring within established authority limits
- Assess and evaluate credit risk for new and existing equipment finance customers, utilizing industry knowledge and financial acumen to make sound credit decisions
- Develop and maintain credit policies and procedures specific to the Equipment Finance line of business to ensure consistency and compliance with regulatory standards
- Monitor and manage the Equipment Finance portfolio performance, including early identification of problem credits and implementation of remedial action plans
- Serve as credit authority for equipment finance deals with limits as determined by senior management and regulatory guidelines
- Conduct detailed financial analysis of borrowers, including cash flow analysis, industry trends, and equipment value assessments to support credit decisions
- Collaborate with business development and sales teams to provide credit guidance on pricing, structure, and terms for equipment finance transactions
- Prepare and present credit analysis, portfolio performance metrics, and risk assessments to senior management and regulators as needed
- Mentor and develop underwriting and credit support staff; manage performance reviews, workflow, and employee relations
- Maintain compliance with all applicable federal, state, and local regulations, including fair lending laws and regulatory examination requirements
- Participate in meetings with regulators to provide subject matter expertise on equipment finance credit practices and portfolio performance
- Performs special projects, and additional duties and responsibilities as required
- Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance training. Accountable to maintain compliance with applicable federal, state and local laws and regulations
Skills
- Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent
- Minimum experience required: 10+ Years experience in credit/lending
- Education level preferred: Undergraduate Degree (4 years or equivalent)
Benefits
- Access to a variety of benefits including medical, dental, vision, life, and disability insurance
- A comprehensive leave program
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